Xerox Corp (XRX)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,538,000 | 3,343,000 | 4,436,000 | 5,592,000 | 5,587,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,538,000K)
= 0.00
The debt-to-capital ratio of Xerox Holdings Corp has shown a consistent increasing trend over the years, indicating a higher reliance on debt financing relative to its total capital structure. As of December 31, 2023, the ratio stands at 0.54, marking a gradual rise from 0.43 in both 2020 and 2019. This suggests that a larger proportion of the company's capital is funded by debt obligations compared to equity. The progressive increase in the ratio could imply a growing debt burden and potential risks associated with higher leverage, which may impact the company's financial stability and flexibility in the long run. It is essential for stakeholders to monitor this trend closely to assess Xerox's ability to manage its debt levels effectively and maintain a healthy capital structure.
Peer comparison
Dec 31, 2023